EBITDA, Sometimes Called Operating Profit, Is Often Emphasized by Biotech

question 11

True/False

EBITDA, sometimes called operating profit, is often emphasized by biotech companies because of their lack of real profitability.

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Definitions:

Parol Evidence Rule

A legal principle preventing the introduction of oral or extrinsic evidence to contradict or vary the terms of a written contract.

Misrepresentation

A false statement of fact made by one party to another, which may render a contract voidable.

Easement

A non-possessory right to use and/or enter onto the real property of another without owning it, often for a specific purpose like utilities or access.

Non Est Factum

A legal defense claiming a contract is invalid due to a serious misunderstanding or mistake about its nature or terms.